Cairo - Mubasher: The board members of Egyptian Chemical Industries (Kima) approved the estimated budget for fiscal year (FY) 2026/27.
Kima targets net profits worth EGP 1.50 billion in the July 2026-June 2027 period, according to a bourse filing.
The EGX-listed company signed an agreement with a private sector firm to utilize excess carbon dioxide from its ammonia plant.
Under the deal, both sides will create a liquefaction unit for industrial use to generate additional revenue while supporting environmental sustainability and reducing carbon emissions.
Moreover, the company inked a contract to install solar power stations on administrative building rooftops to lower energy costs, reduce reliance on the national grid, and advance its green economy objectives.
During the first half (H1) of FY25/26, Kima recorded higher net profits at EGP 1.19 billion, compared with EGP 810.13 million in H1-25/26.
